SBI PO Vs. LIC AAO: Which is a Better Post?

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Deputy Manager – Editorial

Updated on Jun 23, 2022 16:06 IST

There are lot of opportunities in the banking and insurance sectors. But, the confusion lies in choosing the right career option between banking and insurance sectors. This article aims to clear the confusion of aspirants about choosing the best career option between SBI PO and LIC AAO.

SBI PO Vs LIC AAO: Both SBI PO and LIC AAO are the most popular government exams among graduates. Cracking SBI PO exam, candidates will enter the banking sector to the position of Probationary Officers. While LIC AAO paves the way to the insurance sector for the position of Assistant Administrative Officer (AAO). There are a lot of opportunities in the banking and insurance sectors. But, the confusion lies in choosing the right career option between the banking and insurance sectors. A large number of candidates participate in both exams but both the exams have their own pros and cons. This article aims to clear the confusion of aspirants about choosing the best career option between SBI PO Vs LIC AAO. In this article, we have done a comparative analysis on 'SBI PO Vs LIC AAO: Which is Better?'

Which is Better LIC AAO or SBI PO?

Both LIC AAO or SBI PO has their own advantages and disadvantages. It depends on what candidates opt for. There are candidates who have earlier worked in the insurance sector and later switched to the banking sector. Considering the remuneration part then SBI PO is a better profile. For better work-life balance, place of posting and decent pay, candidates can opt for LIC AAO. However, to crack both these exams, candidates need to have a proper planning and preparation.

Difference Between SBI PO vs LIC AAO

Candidates can check below the difference between SBI PO vs LIC AAO in the table below.

Major Factors	SBI PO	LIC AAO
Eligibility	Graduate candidates between 21 and 30 years can apply for SBI PO	The age limit for LIC AAO is 21 and 30 years. The educational qualification is Bachelor’s degree in the specialisation they have opted for.
Syllabus	Reasoning Quantitative Aptitude English language Data Analysis & Interpretation Computer Aptitude	Reasoning Quantitative Aptitude English language General Awareness Insurance & Financial Market awareness
Salary	INR 27,620 (with 4 advance increments)	INR 32,795-62,315
Role & Responsibilities	Assisting customers for understanding banking process Authorize transactions, managing clearances of payments. Supervision of clerical work Handling cash balance	Assisting customers/clients for claims processing, filling, and settlement. Planning new policies or replacing old ones for the company’s development. Analyzing and Auditing policies from time to time. Has to be involved in inter-departmental discussion related to claims processing
Career Growth	Promotion happens every two to three years	Usually in LIC promotion takes time
Perks and Allowances	Pension Medical aid for self and family Travel Concession Concession on interest rates on housing, car loans	Defined Contributory pension Gratuity Monetary Medical benefit Group Insurance Mobile Expenses
Promotion Level	PO Deputy Manager Manager Assistant General Manager Deputy General Manager Chief General Manager Deputy Managing Director	AAO Assistant Deputy Manager Deputy Manager

SBI PO and LIC AAO Highlights

Candidates can check below the important highlights of SBI PO vs LIC AAO.

Particulars	SBI PO	LIC AAO
Conducting Body	State Bank of India (SBI)	Life Insurance Corporation (LIC)
Post	Junior Management Grade Scale-I	Assistant Administrative Officer (AAO)
Frequency of Exam	Once in a year	Once in a year
Exam	Urban/Rural	Urban
Examination Type	Preliminary exam, mains exam and Group Exercise & Interview	Preliminary Examination, Main Exam and Interview
Bond	Three Years	Four years Bond
Medium of Exam	English/Hindi	English/Hindi
Exam Mode	Online	Online

SBI PO and LIC AAO Eligibility

Both the exam have almost similar eligibility criteria.

Age: The age limit for SBI PO and LIC AAO is 21 years to 30 years

Educational Qualification: The minimum educational qualification for SBI PO and LIC AAO is graduation. However, the educational qualification for LIC AAO varies as per post.

Also Read: SBI PO eligibility criteria

SBI PO and LIC AAO Syllabus

There are lot of similarities between SBI PO syllabus and LIC AAO syllabus along with few differences. Check the syllabus for both the exam below:

SBI SO Syllabus	LIC AAO Syllabus
Reasoning Quantitative Aptitude English language Data Analysis & Interpretation Computer Aptitude	Reasoning Quantitative Aptitude English language General Awareness Insurance & Financial Market awareness

Also Read:

SBI PO and LIC AAO Selection Process

To qualify SBI PO Vs LIC AAO exams, candidates have to pass several stages. Check the selection processes below:

SBI SO Selection Process	LIC AAO Selection Process
Preliminary Exam Mains Exam Group Exercises & Interview	Preliminary Exam Mains Exam Interview

SBI PO and LIC AAO Pattern

The exam patterns for both exams are different. To gain more clarity, check below the stage-wise exam patterns for SBI PO and LIC AAO.

SBI PO Exam Pattern: Prelims

Subject	Number of Questions	Duration	Marks
English Language	30	20 Minutes	100
Quantitative Aptitude	35	20 Minutes
Reasoning Ability	35	20 Minutes
Total	100	1 Hour

SBI PO Exam Pattern: Mains

Subject	Number of Questions	Marks	Duration
Objective Test
Reasoning & Computer Aptitude	45	60	60 Minutes
Data Analysis & Interpretation	35	60	45 Minutes
General/ Economy/ Banking Awareness	40	40	35 Minutes
English Language	35	40	40 Minutes
Subjective/ Descriptive Test
English Language (Letter Writing & Essay)	2	50	30 Minutes
Total	157	250	3.5 Hours

LIC AAO Exam Pattern: Prelims

Subject	Marks	Minimum Qualifying score
Subject	Marks	SC/ST	Others
Reasoning	35	16	18
Quantitative Aptitude	35	16	18
English Language with special emphasis on grammar, vocabulary and comprehension	30*	9	10
Total	70

LIC AAO Exam Pattern: Mains

Section	Maximum Marks	Minimum Qualifying Marks		Duration
Section	Maximum Marks	SC/ST	Others	Duration
Reasoning Ability	90	40	45	40 Minutes
General Knowledge, Current Affairs	60	27	30	20 Minutes
Data Analysis & Interpretation	90	40	45	40 Minutes
Insurance and Financial Market Awareness	60	27	30	20 Minutes
Total	300			2 Hours

There will be a descriptive test on English language on essay and letter writing for IT/ Chartered Accountant / Actuarial and Generalist posts. For Rajbhasa posts, it will hold the test on respective subjects.

Also Read:

SBI SO exam pattern

LIC AAO exam pattern

SBI PO and LIC AAO Salary

Salary is a crucial factors that attracts the best talents to these jobs. Check SBI PO salary and LIC AAO salary comparison below:

SBI PO Salary

LIC AAO Salary

Basic Pay: INR 27,620 (with four advance increments).

Pay Scale: INR 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management.

Admissible Allowances: DA, HRA/Lease rental, CCA, Medical and other allowances & perquisites as per rules.

Total Compensation: CTC basis is minimum INR 8.20 lakhs and maximum is INR 13.08 lakhs depending on the place of posting and other factors.

Basic Pay: INR 32,795

Pay Scale: INR 32795- 1610(14) –55335– 1745(4) –62315

Admissible Allowances: DA, HRA/Lease rental, CCA, Leave Travel Concession (LTC), Special Allowance, Gratuity, Group Mediclaim, Group Insurance, Defined Contributory Pension, Cash Medical Benefit.

Total Compensation: INR 57,000 per month in ‘A’ Class city.

Also Read:

SBI PO salary

LIC AAO salary

SBI PO and LIC AAO Career Growth

While it is beloved that both the jobs offer good career growths and opportunities, SBI PO is a little ahead in the race.

SBI PO Career Growth	LIC AAO Career Growth
Promotion happens at a faster pace and SBI has a steady promotion policy. A new will get his/her first promotion after two/three years. PO can be promoted to Deputy Managing Director by the end of his/her service.	In case of LIC AAO, promotion takes place late. Usually takes more time as LIC has a non-proactive promotion policy. An AAO can be promoted to Deputy Manager before retirement.

From the above discussion, we can decipher that both the jobs are full of opportunities and scopes. While SBI PO attaches more challenges and one has to work under pressure at times, LIC AAO has less pressure and offer better work-life balance. On the other hand, SBI SO offers better career growth and remuneration than LIC AAO.

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